Insider Buying: Regional Management Corp. (NYSE:RM) Major Shareholder Purchases 12,754 Shares of Stock

Regional Management Corp. (NYSE:RM - Get Free Report) major shareholder Fund L.P. Forager bought 12,754 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was acquired at an average price of $28.20 per share, for a total transaction of $359,662.80. Following the completion of the purchase, the insider now directly owns 1,016,236 shares in the company, valued at approximately $28,657,855.20. The trade was a 1.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Wednesday, June 11th, Fund L.P. Forager bought 24 shares of Regional Management stock. The stock was acquired at an average price of $29.05 per share, for a total transaction of $697.20.
• On Monday, June 9th, Fund L.P. Forager bought 11,058 shares of Regional Management stock. The stock was acquired at an average price of $27.73 per share, for a total transaction of $306,638.34.

Regional Management Price Performance

Shares of RM traded down $0.84 during midday trading on Friday, reaching $28.16. The stock had a trading volume of 76,286 shares, compared to its average volume of 36,805. The company's 50-day moving average is $29.23 and its 200 day moving average is $31.80. Regional Management Corp. has a 12-month low of $25.41 and a 12-month high of $37.52. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94. The company has a market capitalization of $279.38 million, a price-to-earnings ratio of 6.77 and a beta of 1.17.

Regional Management (NYSE:RM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The credit services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.03. Regional Management had a return on equity of 13.20% and a net margin of 7.01%. The firm had revenue of $152.97 million during the quarter, compared to analysts' expectations of $153.59 million. On average, equities analysts predict that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend was Wednesday, May 21st. Regional Management's payout ratio is currently 36.36%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on RM shares. Keefe, Bruyette & Woods decreased their target price on Regional Management from $33.00 to $30.00 and set a "market perform" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen lowered Regional Management from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 4th.

Hedge Funds Weigh In On Regional Management

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Twin Lions Management LLC purchased a new stake in Regional Management during the 4th quarter valued at about $11,157,000. Acadian Asset Management LLC boosted its holdings in Regional Management by 83.0% during the 1st quarter. Acadian Asset Management LLC now owns 155,885 shares of the credit services provider's stock valued at $4,691,000 after acquiring an additional 70,721 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Regional Management by 45.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider's stock valued at $5,853,000 after acquiring an additional 60,744 shares during the period. Tieton Capital Management LLC boosted its holdings in Regional Management by 23.5% during the 4th quarter. Tieton Capital Management LLC now owns 255,251 shares of the credit services provider's stock valued at $8,673,000 after acquiring an additional 48,541 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Regional Management by 69.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 85,220 shares of the credit services provider's stock valued at $2,566,000 after acquiring an additional 34,861 shares during the period. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

About Regional Management

Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.